Multiyear Study Concludes With Key Learnings Across the Series, All Indicating Rapid Growth of Energy Storage: Storage Futures Study
“Each phase of the study has indicated a potential coming wave of energy storage, with U.S. installed storage capacity increasing by at least five times by 2050,” said Nate Blair, principal investigator of the study. “Overall, we find energy storage offers significant value, from easier grid operations to fewer costly thermal start-ups to reduced emissions.”To understand what drives energy storage deployment and how it could impact the grid, NREL modeled hundreds of future scenarios.
Together, the model enhancements opened the door to exploring many new research questions about energy storage on the future grid.Across all modeled scenarios, NREL found diurnal storage deployment could range from 130 gigawatts to 680 gigawatts in 2050, which is enough to support renewable generation of 80% or higher.
Several phases of the SFS showed energy storage can provide the most value in helping meet peak demand—which is closely connected to PV generation. Energy storage utilization during every hour of the day across seasons and years through 2050: Storage follows the peak demand as it changes throughout the years to align more closely with times when solar is not available.
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